Managers of Wealth Offshore

STEP Journal Supplement, Bermuda Conference

The theme of opportunities for international financial centres amidst geopolitical uncertainty are also explored at this year’s STEP Bermuda conference .

Luxembourg Update: CSSF Mandatory Notifications Deadline Extended

Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, in the context of Brexit, has extended its original deadline.

Jersey Schemes of Arrangement: Is it Now Time to Decapitate the Headcount Test?

A scheme of arrangement in Jersey under the Companies (Jersey) Law 1991 (Jersey Company Law) enables a company to enter into a binding compromise

Utmost Wealth CEO talks consolidation

And gives his view on the Isle of Man Conduct of Business Code

Switzerland overhauls trust sector with new rules

Switzerland will introduce a new regulatory system for the trust sector in January 2020, marking the "beginning of a new era" for trustees active on Swiss soil.

The global war on money laundering is a failed experiment

Stories about money laundering, and efforts to prevent it, are rife.

HMRC nudge letter guidance

The early adopters of the CRS agreed to exchange information for the calendar year 2016 by September 2017 and the later adopters who agreed to exchange information for 2017 will have done so in September 2018.

If my company offers interest-bearing intra-group loans, is it in- or out-scope of the economic substance law?

A helpful premise to start off the discussion is this: if your entity offers short-term credit as an incidental part of its usual operations, it is ruled out of being a finance and leasing business.

Cyprus moves to strip 26 foreign investors of citizenship

A Cypriot passport appeals especially to wealthy, third-country nationals because holders become European Union citizens and can work and travel freely within the 28-country bloc.

How the Netherlands Built One of the World’s Worst Tax Havens

And How to Shut It Down

Distributing Funds to the UK, Europe and Beyond

Timed with the launch of Jersey Finance's New York office, our business development representatives for funds, Elliot Refson, and North America, Philip Pirecki, spoke with Hamlin Lovell from the Hedge Fund Journal about expanding into North America.

Highly regulated jurisdictions attract family offices

Sally said: "There was an interesting discussion around globalisation and digitalisation, how, with less face-to-face time between trustees and beneficiaries, the relationship could be fundamentally altered.

US Treasury scales back Obama rules on offshore tax deals

The Treasury Department said the regulations, implemented in the final months of Obama's administration, are no longer necessary because of the 2017 tax law enacted under president Donald Trump.

Scotiabank scraps sale of Antigua and Guyana banks for now amid regulatory and political pushback

Sales completed in seven other Caribbean markets

Jersey Chief Minister to speak at IoD Lunch

The lunch will take place at the Grand Hotel on 21 November.

Grant Thornton acquires Price Bailey

All five Price Bailey staff will join Grant Thornton and, as a result of the acquisition, some of the back-office work currently done by Price Bailey in the UK will now be carried out in Guernsey by Grant Thornton.

International Insolvency and Restructuring Seminar to be held in The Bahamas next month

The Board of Directors of RISA Bahamas wishes to extend thanks to the sponsors and are delighted for this opportunity to showcase The Bahamas’ insolvency and restructuring sector as well as the island of New Providence to international delegates.

OECD warns low-tax jurisdictions about meeting economic substance requirements

The substance requirement demands entities have substantial business activity locally; for example, in terms of staffed offices and management decisions made on the jurisdiction.

Bahamas closer to aircraft registry

The government has signed an agreement with Aviation Registry Group to develop The Bahamas’ registry.

GFSC updates financial crime Handbook

Together with links to a tracked version reflecting the changes made to the version issued in June 2019.

Regulation, Risk & Compliance